For as long as most of us have been in the points and miles world, the formula has always been the same. Spend money. Earn points. Redeem for travel.
Symphony: is trying to flip that equation entirely.
Symphony is a fintech company that launched a consumer savings app enabling users to grow their money while earning points for flights, hotels, and experiences. By combining a fixed 5% APY with rewards on every dollar saved, Symphony introduces a new category of savings, one that rewards for saving instead of spending.
In other words: the money sitting in your savings account could now be earning you business class flights. Here is everything you need to know.
What Is Symphony?
Symphony is a savings app that lets users earn a fixed 5% APY in cash, points, or any mix of both. Points can be transferred to participating airline and hotel loyalty programs, helping you book flights, hotel stays, upgrades, and unforgettable experiences.
The core idea is simple. Instead of letting your savings sit in a traditional bank account earning next to nothing, Symphony pays you 5% APY and gives you the choice of how you receive that return: as cash, as travel points, or as a combination of both.
You can earn 100% cash interest, 100% travel points, or any mix of both, and change your rewards allocation anytime to match your goals.
How Symphony Works
Getting started with Symphony is straightforward.
- Download theSymphony app on iOS
- Create your account and link your bank through Plaid
- Deposit funds into your Symphony account
- Choose how you want to receive your 5% APY: cash, points, or a custom split
- Earn automatically every month on your eligible balance
Your points can be transferred to participating airline and hotel loyalty programs. Current transfer partners include Avianca LifeMiles and Turkish Airlines Miles and Smiles, with more than 10 additional partners coming soon.
The 100,000 Point Welcome Bonus
Symphony is offering new members the opportunity to unlock up to 100,000 welcome bonus points. The bonus is based on a combination of your initial deposit during your first 30 days and eligible recurring monthly deposits, with bonus points unlocking over a 12-month period.
Here is the key detail. This 100,000 point welcome bonus is specifically for early adopters — people who sign up before the transfer partners are publicly announced. Once those partners go live, this welcome bonus offer will change.
The rewards are distributed monthly. Rewards are back-weighted, so staying in for the full year pays off the most. Your boost releases gradually each qualifying month.
This structure rewards commitment. The more you deposit in your first 30 days and the more consistently you contribute monthly, the more of the 100,000 bonus points you unlock over the year.
If Symphony’s transfer partners include programmes that our community already uses for business class and hotel redemptions, and early indications suggest they will, those 100,000 points could be extraordinarily valuable. Getting them now, before the partners are announced and demand increases, is the early adopter advantage.
What the 5% APY Actually Looks Like
Here is a practical example of what Symphony’s earning looks like in real numbers.
If you make an initial $10,000 deposit and $1,000 in monthly contributions, after one year you would have earned $386 in interest and 38,629 in points, and that is not counting the 100,000 welcome bonus.
You choose the split. If a trip is coming up you shift more toward points. If you want to grow your cash you shift more toward interest. You can change the allocation anytime.
Why This Is Interesting for Points Enthusiasts
Most of us already have emergency funds, savings goals, and money sitting in accounts earning very little. Symphony offers a way to make that money work harder without spending anything extra.
If you are already building toward a travel redemption through your credit card spending, Symphony adds another earning stream that requires zero additional spending. Your savings earn 5% APY AND build your points balance simultaneously.
The transfer partners currently available: Avianca LifeMiles and Turkish Airlines Miles and Smiles are two of the strongest programmes for Star Alliance business class redemptions. LifeMiles offers some of the most competitive rates for United Airlines business class. Turkish Airlines Miles and Smiles has award rates on Star Alliance flights to Europe, Asia, and Africa that regularly beat what other programmes charge.
With more than 10 additional transfer partners coming soon, the potential of this platform grows significantly as those partnerships launch.
What to Know Before You Join Symphony
Symphony is a technology platform, not a bank. Funds allocated to yield strategies are not bank deposits and are not insured by the FDIC or any other government deposit-insurance scheme.
However Symphony has built multiple layers of protection specifically to address this:
Your funds are protected by three layers of coverage. First, SIPC protection through licensed custody partners with supplemental excess coverage via Lloyd’s of London. Second, overcollateralized lending coverage via Nexus Mutual for protocol risks. Third, a dedicated reserve fund maintained by Symphony.
The 5% APY is currently generated from diversified lending strategies including US Treasury Bills, institutional credit, and asset-backed lending.
Symphony is built for user control, with institutional-grade encryption and multiple layers of protection for your savings. Audited by Ackee, with yield infrastructure independently audited by Quantstamp and Halborn.
To summarise what this means in plain English. Your money is not held in a traditional bank deposit. It is protected through SIPC coverage, supplemental Lloyd’s of London insurance, smart contract coverage through Nexus Mutual, and a dedicated reserve fund.
These protections are designed to cover scenarios like custodian failure, insolvency, and technical exploits, but they are not the same as FDIC deposit insurance. As with any financial product, only deposit what makes sense for your specific situation.
Is Symphony Worth It?
For points enthusiasts who are already comfortable with the platform’s structure and the non-FDIC nature of the account, Symphony is genuinely interesting.
The 5% APY is competitive. The ability to earn transferable travel points on your savings balance without spending a dollar is something that simply has not existed before.
The 100,000 point welcome bonus adds significant upfront value for early members who meet the deposit requirements over the 12-month period.
If you have been looking for ways to earn more points without adding more spending to your monthly budget, this is one of the more creative solutions we have come across.
Frequently Asked Questions
- Is Symphony a bank? No. Symphony is a software platform, not a bank, and its products are not traditional savings accounts. It is important to understand this distinction before depositing funds.
- How is my money protected if it is not FDIC insured? Your funds are protected by three layers of coverage: SIPC protection with supplemental Lloyd’s of London coverage, Nexus Mutual coverage for protocol risks, and a dedicated Symphony reserve fund. These protections are not deposit insurance but are designed to address custodian failure, insolvency, and smart contract risks.
- Can I choose how I receive my rewards? Yes. You can earn 100% cash interest, 100% travel points, or any mix of both, and change your rewards allocation anytime.
- What airline and hotel programmes can I transfer to? Transfer partners have not yet been announced. This is why the early adopter welcome bonus is so significant, join now before the partners go live and the bonus structure changes.
- How does the welcome bonus work? The bonus is based on a combination of your initial deposit during your first 30 days and eligible recurring monthly deposits, with bonus points unlocking over a 12-month period.
- Is Symphony available on Android? Symphony launched in June 2026 on the App Store and will soon be available on Android.
- Can I withdraw my money at any time? Symphony offers fast deposits and withdrawals with no fees or minimum balance requirements.
Ready to Get Started?
If Symphony sounds like a fit for your situation, sign up through our referral link below. And watch our full video breakdown for a deeper look at how the platform works and who it makes the most sense for.
Join me on Symphony: earn on every dollar saved.
Watch Our Full Symphony Breakdown
This post contains affiliate links. All opinions are our own. Symphony is not a bank and its products are not FDIC-insured. Please do your own due diligence before depositing funds.
